Carlsberg

CARL.A · Nasdaq Copenhagen · DKK

kr 1,015.00Change from previous close: 0.00%

Close · October 1, 2026

At a glance

Revenue growth
+18.78%
2025 vs 2024
Net income growth
−34.68%
2025 vs 2024
Net margin
6.7%
2024: 12.2%

Financial data

Amounts in millions of DKK; per-share values in DKK; shares in millions.

Income statement · Annual
Item2025202420232022
Total revenue89,09575,01173,58570,265
Cost of revenue48,85940,63140,75338,198
Gross profit40,23634,38032,83232,067
Selling, general and administrative28,08923,62322,43221,566
Research and development152142132107
Operating income12,61210,75110,47710,490
EBIT11,96711,42710,94510,659
EBITDA17,39515,79715,01914,846
Interest expense2,9171,4401,115698
Pre-tax income9,0509,9879,8309,961
Income tax2,0721,9821,8591,778
Net income5,9559,116-40,788-1,063
Net income to common shareholders5,9559,116-40,788-1,063
Basic EPS45.1068.70-299.70-7.60
Diluted EPS44.9068.60-299.70-7.60
Average shares (basic)132133136140
Average shares (diluted)133133136140